Margaret Dunning Foundation
- Assets
- $25.7m
- Revenue
- $1.1m
- Investments
- $23.1m
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 38-3352930
Organization Overview
Margaret Dunning Foundation is located in Traverse City, MI. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Margaret Dunning Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Margaret Dunning Foundation generated $1.1m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 84.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Margaret Dunning Foundation has awarded 159 individual grants totaling $6,970,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Stulberg President And Director | 1 | $0 | |
Robin Ferriby Secretary And Director | 1 | $0 | |
Lois Stulberg Vice President And Directo | 1 | $0 | |
Robert Appel Treasurer And Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neithercut Philanthropy Advisors Llc | 12/30/22 | $224,170 |
Merrill Lynch | 12/30/22 | $97,378 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,830 |
| Interest on Savings | $0 |
| Dividends & Interest | $843,504 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $258,910 |
| Capital Gain Net Income | $258,910 |
| Net ST Capital Gain | $0 |
| Income Modifications | $51,880 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,372 |
| Total Revenue | $1,144,616 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,852 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $61,707 |
| Total operating and administrative expenses | $319,196 |
| Contributions, gifts, grants paid | $1,111,000 |
| Total expenses and disbursements | $1,430,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,557,886 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,107,884 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $21,557 |
| Total assets | $25,687,327 |
| Accounts payable and accrued expenses | $16,200 |
| Grants payable | $348,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $364,200 |
Grants Awarded
Over the last fiscal year, Margaret Dunning Foundation has awarded $1,416,000 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN PURPOSE: DONOR ADVISED FUNDS | $28,000 |
ARC OF NORTHWEST WAYNE COUNTY PURPOSE: AN EDUCATIONAL ADVOCACY PROGRAM FOR CHILDREN WITH SPECIAL NEEDS | $35,000 |
CHIPPEWA VALLEY SCHOOLS PURPOSE: EQUIPMENT UPGRADES TO THE AUTOMOTIVE TECHNOLOGY PROGRAM AT CHIPPEWA VALLEY HIGH SCHOOL | $36,000 |
COLLEGE FOR CREATIVE STUDIES PURPOSE: ADVANCED SUMMER SCHOOL PROGRAM IN AUTO DESIGN | $80,000 |
COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN PURPOSE: DONOR ADVISED FUNDS | $28,000 |
COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN PURPOSE: DONOR ADVISED FUNDS | $28,000 |